Accounting Services for Nonprofits
Equip Your Finance and Accounting Department to Take on the World.
You’re building a mission-driven, purpose-filled organization. It deserves a high-performing financial operation to support it.
There’s no need to bear with subpar financial data or loose accounting processes any longer. We build powerful finance and accounting departments that run with discipline to produce output that you and your stakeholders can trust.
Here are some of the financial and accounting services we deliver:
Report and File Cleanup
We consolidate, reconcile, and organize even the largest volumes of financial data. We transform your spreadsheets, QuickBooks files, FreshBooks files, and other documents from jumbled, hidden data to usable information.
Financial Workflow Design and Implementation
We set up nonprofits with the finance and accounting controls, processes, and tools they need to serve both communities and regulators. We enable them to manage and report on the funds in their care with accuracy, transparency, and efficiency.
Financial Report Generation
We create the reports that nonprofits rely on for understanding financial performance, communicating it, and making decisions. We gather all inputs; create dashboards, spreadsheets, and summaries; and distribute professional reports to boards, auditors, potential donors, and any other stakeholders.
Fund Management
We establish strategies, systems, and accountability for managing all types of funds – restricted, unrestricted, designated, and others. We enable nonprofits to maintain proper custody of their grants and contributions.
Financial Project Implementation
Your nonprofit likely has a few financial projects on the back burner. Perhaps you want to deploy what-if scenarios, migrate your financial software to a different platform, or design a new framework for balancing program funding with hiring. With our help, nonprofits don’t shelve their dream projects. They launch them.
Knowledge Transfer and Team Building
We mentor and coach your team along the way, no matter what financial services we’re implementing for you. Our goal is to strengthen nonprofits so that you can run your operations independently.
Data We Deliver
You want to support your ideas and decisions with reliable, real-time data. Here are the some of the data points and ratios we’ll put into your hands:
Restricted and unrestricted fund accountability ● Revenue growth and diversification ● Gross, net, and operating profit ● Program expenses as a percentage of total expenses ● Fundraising expenses as a percentage of total revenue ● Salary expense ratio by program/function ● Debt-to-equity ratio ● Cash reserve ratio ● Viability ratio ● Days outstanding in accounts payable ● Full-cost coverage to include asset depreciation and debt payments
Been Waiting for the Data Long Enough?
How We Engage with You
Our engagements look a little different for each client, but here are some basics:
Engagement Length
Engagements range from a few days to a few months or more. Their length depends on the financial services you need, your budget, and your preferences.
Work Location
We can deliver most financial services remotely, but we typically start each project with an onsite kickoff. Some projects require more in-person time than others. We’re willing to travel anywhere in the U.S.
Communication
Transparency is critical in financial services, so we establish frequent and open communication from the start. We also schedule official checkpoints and milestones.
Benefits of Outsourcing Your Financial Activities
It’s not just about freeing up time. Nonprofits who work with us gain much more than that:
Organizational Alignment
Once we take the finances off our clients’ hands, their priorities shift back into place almost overnight. They’re able to sync their efforts, talent, and precious resources with their mission.
Better Decision-Making
When you can access accurate financial information easily, you move faster with less risk. We help nonprofits make bold decisions that pay off.
Stakeholder Trust
Nonprofit founders are visionaries. But it’s difficult to sell the vision when the financial foundation is cryptic or shaky. We deliver the operational transparency and certainty that builds trust in all the communities you serve.
Expanded Reach
Secure controls and sound financials are the fuel that enables you to expand your reach – and then keep it going. Without them, serving more people is always going to be harder and eventually unsustainable.
Ready to Lead Your Nonprofit From the Front Again?
Let us help the back office.